Data Bridge Market Research has introduced a comprehensive report titled "Passenger Information System Market," offering an extensive exploration of growth strategies, drivers, opportunities, key segments, Porter's Five Forces analysis, and the competitive landscape. In today's rapidly changing marketplace, the adoption of the Passenger Information System market research report service has become crucial for effective business growth. Staying informed about significant developments through valuable market reports and industry insights is vital in this competitive age. This industry report serves as a valuable source of information, providing current and future technical and financial details of the industry until 2029. By conducting a detailed market study and analyzing trends in consumer and supply chain dynamics, businesses can formulate strategies for sales, marketing, and promotion.
Global passenger information system market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing with a CAGR of 8.7% in the forecast period of 2022 to 2029 and is expected to reach USD 15,284,564.68 thousand by 2029. Rising demand for intelligent public transportation system is boosting the market.
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The raising interest for solid and exact constant travel data by travelers addresses one of the key variables moving the traveler data framework market development. Aside from this, an ascent in the interest for canny transportation frameworks, in juncture with headways in the media transmission area to empower quicker information move abilities, is likewise filling the market development. Besides, an expansion sought after for canny transportation frameworks and a flood in the reception of the Internet of Things (IoT), cloud and huge information advancements in the transportation area are driving the deals of traveler data frameworks across the globe. As of now, because of a critical ascent in the instances of the COVID-19 infection, lockdowns have been forced by states of different nations. They are advancing the reception of social removing measures to stay away from the spread of the pandemic, which is adversely affecting the market development. In any case, the market is expected to encounter development whenever predictability is recaptured.
Top Leading Key Players of Passenger Information System Market:
- Medha Servo Drives Private Limited
- Mitsubishi Electric Corporation
- Toshiba Infrastructure Systems & Solutions Corporation
- Advantech Co., Ltd.
- Teleste Corporation
- ALSTOM
- Siemens Mobility
- Quester Tangent
- Indra
- ST Engineering
- Thales Group
- Lunetta
- Cubic Corporation
- r2P GmbH
- Kentkart
- Tattile
- Masstrans
- Televic Group NV
- Icon Multimedia
Recent Development:
- In June 2020, Mitsubishi Electric Corporation announced that it has acquired EKE-Electronics Ltd., a Finnish manufacturer of train information systems. This acquisition will allow Mitsubishi Electric to drive business collaboration with EKE-Electronics in order to enhance its train passenger information systems business in overseas market
- In July 2018, Toshiba Digital Solutions and JUNPUZI Launch Trials for AI-based Demand Responsive Rideshare Transportation System that alleviated transport access difficulties and contributed to community revitalization. This acquisition helped the company to expand its technology and portfolio.
Passenger Information System Market Scope and Market Size
Global passenger information system market is segmented into four notable segments which are based on product, type, location & transportation mode. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product, the global passenger information system market is segmented into hardware, software, and services. In 2022, the software segment is expected to dominate the market as it is very convenient to use and is accessible round the clock.
- On the basis of type, the global passenger information system market is segmented passenger information display systems, passenger information announcement systems, emergency communication systems, infotainment systems, and passenger information mobile application. In 2022, the passenger information display systems segment is expected to dominate the market as it has a wide range of applications across the transportation industry due to rise in the number of passengers.
- On the basis of location, the global passenger information system market is segmented into on board and in station. In 2022, the on board segment is expected to dominate the market as the number of fleets or the vehicles for transportation is increasing year on year.
- On the basis of transportation, the global passenger information system market is segmented into railways, roadways, and airways. In 2022, the railways segment is expected to dominate the market as passengers prefer travelling through railways more compared to other means of transportation.
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Passenger Information System Market Regional Analysis/Insights
The countries covered in the Passenger Information System Market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and rest of South America as part of South America.
The country section of the report also provides individual market-impacting factors and changes in market regulation that impact the current and future trends of the market. Data point downstream and upstream value chain analysis, technical trends, porter's five forces analysis, and case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Important Features that are under Offering Market Highlights of the Reports:
- Detailed Overview of this Market
- Changes in industry market dynamics
- Detailed market segmentation by type, application, etc.
- The historical, current, and projected market size in terms of quantity and value
- Recent industry trends and developments
- Competition situation of this Market
- Key companies and product strategies
- Potential niche segment/region showing promising growth.
Finally, this Market Report is the authoritative source for market research that can dramatically accelerate your business. The report shows economic conditions such as major locales, item values, profits, limits, generation, supply, requirements, market development rates, and numbers
Table of Contents:
- Introduction
- Market Segmentation
- Executive Summary
- Premium Insights
- Market Overview
- Global Passenger Information System Market, By Segmentations
- Global Passenger Information System Market, By Region
- Global Passenger Information System Market, Company Landscape
- SWOT Analysis
- Company Profile
- Questionnaire
- Related Reports
New Business Strategies, Challenges & Policies are mentioned in Table of Content, Request TOC: https://www.databridgemarketresearch.com/toc/?dbmr=global-passenger-information-system-market&Somesh=
Browse Related Reports:
In-Station Passenger Information System Market – Industry Trends and Forecast to 2028
On-Board Passenger Information System Market – Industry Trends and Forecast to 2028
North America Passenger Information System Market – Industry Trends and Forecast to 2029
Europe Passenger Information System Market – Industry Trends and Forecast to 2029
Middle East and Africa Passenger Information System Market – Industry Trends and Forecast to 2029
Asia-Pacific Passenger Information System Market – Industry Trends and Forecast to 2029
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